If you want to know if it is a fair price for your area and this time of the year, simply get two or three more bids.

this is the distinct different between being an actual lender like a bank .. and an investor in a fund.. two very separate transactions.. when you lend and receive collateral on the asset you get paid when it pays off or the borrower refinances etc. 

Interior PaintingScope of Work:Paint all walls, ceilings, and trim with neutral high-end paintUse two-tone color scheme for added eleganceEstimated Cost: $10,0005.

Quote from @Angus Brooks: Hey All-  I own a small apartment complex in a two entity LLC and am wondering what the tax implications are for a cash out refinance. 

Quote from @Basit Siddiqi: Quote from @James Wise: Quote from @Basit Siddiqi: Strange that you mention that you are looking at Toledo and Cleveland when those two cities are also seeing population decreases.

Quote from @Patrick Roberts: Echoing what Chris said - use a third party servicer.

I own two rentals in Indiana.

So, I'm looking to invest in other markets and trying to focus on one or two so that I can build knowledge over time, but narrowing it down is a challenge. 

You would then have two loans, one on your home and one on the refi to access the equity on the investment home.Why not just use the refi cash out from your home loan for future deals? 

If it were me as a seller the over asking price ok and down payment but I would make you pay interest only at 8-9% for a year or two with a balloon.